mr. mcgovern: i yield the gentleman 15 seconds. right now, a live look at the house floor where at any moment a vote is expected to begin. members are did ebating senator harry reid's debt and deficit bill. all indications are in this latest in a long string of political moves, the bill will be defeated. good afternoon, i'm richard lui. good day to you. let's get to the latest in washington. the senate is in session working towards 1:00 a.m. and a test vote on harry reid's plan to fix the problem. house republicans are preparing to symbolically vote down the legislation itself. it's getting heated on capitol hill. take a listen. >> our soldiers in afghanistan repeatedly asked admiral mullen yesterday, will we get paid?

will our families get your checks? shame on the republicans for making that happen. in battle, when you accidentally shoot your own, it's called friendly fire. when you deliberately shoot your own it's called fraging. republicans stop fraging the american economy and american people. >> luke russert is live on the capitol hill with the latest. we have the senate and house now working hard what's happening? >> right now as you saw, richard, there is a spirited debate on the house floor about harry reid's bill. speaker boehner taking an interesting step. the house will, in fact, vote down harry reid's proposal to raise the nation's debt limit. interesting because harry reid says it is still not a finished product. speaker boehner and eric cantor taking a symbolic step showing the harry reid proposal has nowhere of going in the house. that should go about 2:30 p.m.

mitch mcconnell and harry reid spoke on the senate floor back and forth. mitch mcconnell saying in order for there to be a compromise to raise the nation's debt limit there had to be participation from the president of the united states to understand what bill he would sign. listen how harry reid responded to that. >> the president knows way have put forward is good for the country, extends the debt saving, reduces the debt. i say to my friend the republican leader, the president will sign my legislation. my friend says he wants something the president would sign. he will sign this. he'll sign it. we could pass it tonight, get it through the house. woe sign it tomorrow. >> through have it from harry reid saying the president would sign his proposal. there seems to be this question of who is negotiating with whom right now. no one knows for certain. it is expected that harry required is do for example to have to reach out to some republicans to get this across the finish line. 43 senate republicans sent harry reid a letter saying they would

not support his current proposal under any circumstances. four did not. senator brown from massachusetts, collins and snowe from maine and makowski from alaska. for it to get to this 1:00 a.m. vote is unclear right now. there seems to be a tick-tock with this 1:00 a.m. vote. if he doesn't get it then, possibly tomorrow. the real enemy is the clock. if harry reid can't get anything out by this weekend or does it late tomorrow night or early monday morning, it would get to the house of representatives the earliest tuesday evening right up against that 12:01 a.m. wednesday morning deadline. something that could have a huge impact on the markets, not only monday, tuesday, but wednesday. folks here are not optimistic. there is no cautious optimism we are hearing right now. even though both the boehner bill that passed last night was

killed by this senate and this reid will. they are quite similar, but there is not a lot of cautious optimism. >> this reminds me of you and me talking about the similar issue, the 2011 budget. you were standing there day after day telling us what was happening. how is the energy different this time around? do you think it's good and something will happen? what is your sense about how law makers are dealing with it this time? >> i've got to tell you. covering this story has been interesting because the leaders on both sides want to strike a deal. you get the sense from talking to their aides, that they do not want to see a default. you had a blocking minority, many of them of the 87 tea-party inspired house freshmen

reluctant to support any debt limit not coupled with what they based their political career on. that's tied down john boehner and his colleagues and mitch mcconnell. it tied down reid. you've seen this pessimism around capitol hill in this sense the country is fed up with what's going on here. the ideaes things are so dysfunctional the american economy and american people are going to suffer because of it and you're starting to garner that from leaders, established figures here. really a disgust. i spoke to one senator before i came over here. they told me, look, this is one of the saddest moments i ever had in congress. you're hearing that. kent conrad. i haven't heard people not negotiating in 25 years. we can't breakthrough this fog right now.

it's the 401(k), the stock market, kids trying to get hired, someone wanting to buy a house. that is starting to resonate with folk once capitol hill. >> you said months ago, you wait until we start talking about the debt ceiling of 2012 and you were right. i will always remember that. thank you so much, luke russert. >> take care, richard. appreciate it. >> the debt debate in washington having ripple effects from across the globe including men and women in our armed forces over their checks. admiral mike mullen is in afghanistan today. he discussed the issue with some of our troops. atia is live in afghanistan. >> reporter: he made his way down to kandahar and helmand. he was expecting questions on the war. i'm sure he wasn't expecting

questions on the debt crisis. one of the number one questions he got from the troops here in afghanistan was, will we get paid? his answer was, quote, i actually don't know the answer to that question. i have confidence that at some point in time, whatever compensation you are owed, you will be given." what's interesting here is that the sailors, the soldiers, the air men and the marines here in afghanistan have enough to worry about. they are thinking about bombs, ieds, rpgs, the taliban and the insurgency. now they are thinking about their paychecks, as well. will they be paid? will their families be provided for? many of these service members that come, the men and women come because they get an increase in pay if they go to a war zone. they were hoping for that money to go to their families. they wonder if their families are going to receive that money. >> atia, thank you very much. the reaction to the debt ceiling

debates happening right here in the united states as well as the budget. thank you. before i let you go, actually, i've been told we have more time. i want to focus also on what those ripple effects are. when they have concerns about whether their checks will arrive, is that being talked about in terms of how that will affect their ability to fight? >> the men and women here know what they are doing here. they know they have a job and they are going to complete that job. many are here on six months, a year long rotations. they know they have a mission when they come to afghanistan. they know they have a job. they are following their orders. they are just hoping back home their government, they are doing their jobs. right now many of them obviously with the questions we saw that went to admiral mullen, they don't think their government is completing their jobs the way they should. admiral mullen joined into the ridiculousness of the situation when it comes to the people here

in war zone, risking their lives. he made a joke and said he didn't have the answers. if they wanted answers, they should write their u.s. representatives. that got a chuckle from the audience because they can't do that. they have a mission at hand. they have their lives at risk on a daily basis that they can't think about this crisis, but it's on their mind. it is their money. it is their families. >> so many people thinking of those serving aboard. atia, thank you. we are waiting on a symbolic vote in the house a short time when law makers are expected to vote down senator harry reid's plan of solving the debt crisis. i'm joined by democratic congressman from michigan john dingell. you have an important vote going on right now. you've been quoted saying, "the time for showmanship and partisan games is over, governing is the art of compromise." how far are you and your fellow law makers from reaching a

meaningful compromise despite what is happening right now on the house floor? >> it is clear to survive it must run on the basis of compromise and conciliation. this business of having a foolish fight that threatens the economic well-being of this country is improper, wrong and morally bad. having said that, we are at the edge of a situation where social security checks will probably not go out. interest rates can go up. government employees will be laid off the states and local units of government as well as the federal government can see their interest rates rising, see their qualification for loans decline. we can find ourselves in a situation where the costs to everyone, including the

securities industry, the stock market and businesses and everybody else will be simply severely hurt by huge increases in interest and other costs. >> congressman, as you look at your colleagues, as you look at speaker boehner and what he had to do so far to date and the difficult positions many have observed he has been put in, in the years you served in congress, have you seen a speaker put in such hardship, if you will, by his own party? >> i've never seen anything like this before. i've never seen a country so put under threat by a group of irresponsible people and never seen a situation where a speaker was so thoroughly repudiated by his own people, particularly on matters where we could resolve the matter fairly simply. the reid plan would give us more time. will make significant large cuts and will see to it we protect

government, business, industry, interest rates, local units in government, and frankly, our citizens at large, including social security recipients and medicare recipients. >> i want to play sound now of senator mitch mcconnell talking about senator harry reid's plan. >> the measure of my good friend is offering is not acceptable to the senate, is not acceptable to the house, will not pass. >> what is your thought here, congressman? what bill does the senate need to pull together at this moment that would not be dead on arrival soon as it hits the house? >> we have to understand we have a greater business here at stake. that's the well-being of this country, the needs of the nation and a delicate economy which is being severely threatened by

this nonsensical fight to give the president the authority what he needs to run the country. i can't tell you what might motivate my republican colleagues, but government only works if you have two components. one, leadership, and two, followership. we are seeing neither of those things occurring on the other side of the aisle. until the republicans who control the house of representatives are ready to accept that responsibility and the importance of that principle and function as the founding fathers intended with conciliation, cooperation, coordination and the other things that make a government work, they are going to be in serious difficulty. >> congressman john dingell from michigan, thank you. >> thank you very much. >> if congress can't get it done and they don't get it debt ceiling raised by midnight tuesday, how far could the dominos fall?

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even if law makers reach a deal to raise the debt ceiling, this is a real possibility the government's credit rating could be downgraded the first time in its history. there could be a domino effect. let's look how it dinged uncle sam's credit report, could hurt states and thousands of cities still recovering from the recession. it's an indirect link from u.s. government to city all, but important one that affects building roads, schools, unemployment and medicaid. 1/3 of those funds come from uncle sam. that means a credit downgrade would domino to hurt states

across. country, lowering their top-rated credit, as well. doesn't stop there. everyday services from our cities would get knocked over, as well. it's not one city hall or a dozen. but 7,000 city halls that could feel the hurt, says "usa today." there are 15 states with moody's top rating. these five would automatically get their credit axed. soon as uncle sam's gets cut. that's maryland, new mexico, south carolina, tennessee and virginia. in addition, these ten states top rating would be put on watch from virginia, georgia, alaska, most likely affected if the u.s. government gets more down grades. $25 billion obligations and debt. states unable to avoid a credit downgrade, watch these factors, employment, amount of fed contracts, federal medicaid contributions, debt and money in the bank.

some states are stashing away cash or holding down borrowing at the moment. as we look at this, there is some time to maneuver. any state downgrade would happen seven to ten days after the debt dominos start to fall. coming up, the record-setting drought in texas is so bad they declared it a natural disaster. s with tropical storm don able to help? how much did the casey anthony trial cost tax payers? what's up, smart?

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disturbing new details about the horrific attacks in norway that left 77 people dead. the man who confessed to the bombings and youth camp shooting considered other locations to act. anders breivik had how many people he killed and showed no emotion when told the number.

weather forecasters say tropical storm don did bring badly needed rain to the area, but not much as expected. weather channel's jim cantore has more from north padre island for us in texas. >> reporter: nobody can complain about what don left for us here on the beach. we were thinking even by this time yesterday we would now be dealing with leftover rain and drizzle. not the case. don collapsed as it made its way jn shore. nobody got over an inch of rain at all. we were hoping for a big relief from the drought, at least for south texas. that didn't come to fruition. there are probably two groups this helped out. the kite boarders and cotton farmers. kite boarders yesterday out here. wind picking up 20 to 30 miles per hour with some of the gusts out here. that allowed them to catch huge air an what little wave set-up we had compliments of don moving in. it was a fun show for everybody to watch. a lot of people out here because

don not evacuating the beaches. other folks were the cotton farmers. 80,000 acres of cotton. they got about 60% of that picked. they were concerned about the other 40%. that would mean more losses to this multibillion dollar drought already. when you get cotton wet, it's no good any more. we didn't get it wet because we didn't have rainfall in much of this area. a lot of the crop was spared as a result of that. they could not get enough people and machinery to pick the crop. now where do we go from here in texas? the drought continues. the humidity is higher. that means the heat index goes up. everybody eyes are on what could be emily. even if it's not, it will be a tropical wave that has a chance to take a left turn from puerto rico and go to the gulf or take a right turn up the east coast. from north paid ray island, meteorologist jim cantore. back to you. tallies are in in the casey anthony murder investigation and

trial. cost taxpayers nearly 700,000. that figure is based on estimates from agencies involved in the case, and they want their money back. at a hearing in late august, judge perry will decide how much anthony will have to pay of this. the largest bill is from the orange county sheriff's office, $293,000. equisearch is also looking to recoup about $100,000. coming up, live to the white house where president obama is putting pressure on congress to get a debt bill passed. we'll talk to colorado senior senator who has said we can't afford to play games. so i was the guy who was never going to have the heart attack. i thought i was invincible. i'm on an aspirin regimen now because i never want to feel that helplessness again. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen.

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trading arguments why there is still no deal on the debt crisis and the role the president played so far. >> he believed that he had, as i understand it, two tentative agreements with the speaker. the speaker backed out of both of those. >> the only thing congress has time to deal with and should deal with is something the president of the united states says he is willing to sign. i'm certainly not critical of the president for not spending time on this. he spent an enormous amount of time on it. we haven't gotten the result yet. >> watching the debates out there is kristin welker outside the white house. the president taking a step back, at least for now in those debates. what role will be white house play in the next few days? >> reporter: all day long with senior officials. he's in constant contact with congressional leaders on the hill. he certainly does have his hand in this. you're right. the main action right now is

taking place on capitol hill. last night we had house speaker john boehner's bill that passed through the house, but then got tangled in the senate. all eyes are on a plan that is being put forth by senate majority leader harry reid. under that current plan it would reduce the deficit by about $2.2 trillion over the next decade. increased debt ceiling through 2013. that current plan, so far 43 republican senators have said they are not going to support it. in a few minutes we'll see the house vote on it and we expect it to get voted down in the house. what we expect to emerge is some sort of compromise bill. a revised mergs of the harry reid bill, if you will. the main sticking point right now is that they want to have bipartisan congressional committee after 2013 that finds more reductions in the deficit.

they are stuck on what the triggers should be. what will make republicans and democrats come to the table and find more deficit reductions? that is the big sticking point. harry reid busy trying to find republican support in the senate for this compromise plan he's going to come up. with he needs about eight to ten republican senators to switch over and say they are going to support him. we did have house speaker john boehner weigh in on this issue. if we can put his statement up, he says "the responsibility to end this crisis is now entirely in the hands of senator reid and president obama." house speaker boehner saying he has done everything he can to get this debt ceiling increased by that august 2nd deadline. he is saying the responsibility is with the democrats. all eyes have been on senate leader, republican senate leader

mitch mcconnell to see if he will get behind harry reid and help him rally the troops. so far that hasn't happened. mitch mcconnell has said he wants the white house to come to the table. no word if that is going to happen at this point. again, right now all eyes are on the senate. senator harry reid's plan to increase the debt ceiling. time is running out. that august 2nd deadline is looming large. we saw the dow decrease this week. there is a lot of concern how this is going to impact the markets. and our entire economy. >> thank you. the u.s. debt crisis is rattling nerves around the world. world leaders from europe to asia are concerned our economies will become collateral damage if the u.s. defaults or the united states sterling credit rating is tarnished. the debt ceiling is being debated in the capital right now.

you look at the reaction to many countries around the world. who has the most to lose? >> it's china. the biggest holders of the u.s. debt are china, japan and the uk in that order. there is certainly panic among them all. china has the most to lose. pretty much stands to reason it would be the most vehicle. it is the largest holder of the u.s. treasury. it's been forthright saying the u.s. has been kidnapped by dangerous forces. this is irresponsible politics. the strongest statements are about the world, many other countries being in the impact zone when the donkey and the elephant fight, referring to their political wrangling that we are witnessing. so much is at stake for so many so put an end to it.

>> when we look at this possible credit rating downgrade, it reminds many of what has happened in other countries in europe, greece is a good example. how is europe reacting now as they watch the possibles of the united states get a credit downgrade and the debate about raising the debt cerealing? >> i think it's fair to say europe is reeling. it's feeling fragile. spain is in the danger zone and there is an urgency to restructure the economy as the european debt crisis continues. no one had a chance to take a breath since the greece bailouts. while europe is approaching this diplomatically compared to china, the message is clear, sort this out. france is making noise from this turning to an economic crisis into a crisis of much bigger proportions. germany insisting the u.s. deal with it. there is talk about how the u.s. needs to get its own house in

order. this could be the great demise of the u.s. in the uk they are saying this places the world's financial civility into real crisis. this is putting a huge dent in the u.s.'s image globally. >> thank you there in london. this public legislative slugfest playing out on live television each day is an open window for voters giving them a front so seat into one of the most heated debates on the hill. i am joined via skype larry sabato. where does this rank among the all-time legislative brawls in the country? >> there is always the civil war. i wouldn't call it the top, certainly. it's maybe top ten. it's unusual. it's strange. i think people, not just in this

country but abroad have been treated to a real lesson in how our system works and doesn't work. we already have divided powers that confuse most people in this country and elsewhere. we learned through this crisis we have divided power even within a single branch of one part of the system, the legislature. >> how do you think history will write what is happening at the moment? how president obama is dealing with congress at the moment? >> history generally remembers how things came out. not how they evolved. that may be a chapter in the book, but the conclusion of the book is most important. do we go into default or not? do we have all those serious economic consequences or not? as long as it ends well, all will be well for the participants on this particular issue.

i think the essence is that the economy, jobs overall is far more important than this someone manufactured debt crisis. >> as we look at what is happening with the debt crisis, how the president is dealing with the issue as well as congress, voices of discontent continue. what is your thought in terms of what law makers can do to hopefully hold that back? >> in the end, every law maker is responsible for himself or herself. they are all independently elected. we don't have the whip system certainly the way parliamentary democracies do. it's very difficult for leaders to control the most extreme elements in their party. let's be honest. who gets the most television time? the most extreme elements. people who say outrageous things which become controversies. whole programs door he voted to

them. there is incentive for the most extreme to get the most attention. that distorts what is going on as we are seeing in the senate. two of the real legislative masters, harry reid and mitch mcconnell are working together on a solution. no one would call them exciting, but they be miracle workers in this case. >> larry sabato, thank you. >> leaders are hoping out hope for the deal which will avert national default. senator pat leahy from vermont. >> bipartisan solution to raise the debt limit, reduce long-term debt and give our economy the foundation to prosper. >> carrie, you are in the

rotunda there and so much is happening around you. is there any reason for optimism right now? >> it's hard to say. there is so much posturing on both sides between senator reid and senator mcconnell, just over whether they will get in the same room and negotiate a compromise. right now it doesn't look like senator reid has the votes to break a republican filibuster tonight. i've been covering this issue for many weeks now. people like me following this closely have been surprised at the sense things are just not coming together seemingly as we would have expected they would have been by this point. it's been an interesting weekend. there is a lot of sense you need to get something done before monday morning. the clock is ticking and there is not much time left in terms of procedural maneuvering you have to get done.

>> can it get done? >> sure. it is still possible. if there is not something by tomorrow, it does become more difficult in the senate to get it through the procedure hurdles it need to. con cement sent agreements is always difficult to get on an issue as impassioned as this one. it's still possible but it looks -- it becomes less possible every day. >> one of the solutions that's been bandied around for weeks, the 14th amendment. who loses if that happens? >> the white house has been pretty clear consistent, and we asked the white house several times the last week, have you ruled out that option. they say they have. that has not stopped democrats on the hill to call for him to use that. with the white house, the big push, they want to get this done on tuesday because it's the uncertainty argument just moving

on. if you invoke the 14th amendment, you will not remove that uncertainty. it would be a downside for the president. it would likely be litigated. there is still a lot of danger there. >> would that leave political exposure for the president moving forward in 2012? >> it certainly would. there is a big risk for him. it's clearly, we don't have any examples to go off of there. he's been reluctant to use that executive power. i faced calls from immigration activists to use his executive power there. he's been reluctant to do that. that is a clear-cut request that's come to him. he has not been willing to do that. it's almost hard to see him do it in this case. i think there are people out there who are calling for him to use it and people who think he might use it. we just don't know begin how the

next few days play out. default is something he does want to prevent. we'll have to wait and see. >> carrie, always a pleasure. thanks. a live look at the house floor at the moment where heated debate is going on over the debt ceiling. we see the minority leader nancy pelosi speaking. both sides arguing over the boehner and reid plans. the house plans to vote on the reid bill in a few minutes. this after the senate whole-heartedly rejected house speaker boehner's bill. why bring up bills that have no chance of passing at this hour? we'll look at the strategy.

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i'm the chair of the national democratic committee. i care about the democratic agenda a lot and believe it in. i know as a representative of the 20th district of florida, my first responsibility is to say we have to make sure that we're

responsible. it's not always going to be my way. >> on that note, we do expect to hear from speaker boehner, as well as leader mcconnell, the two gop leaders, to speak at 3:30. a news conference, we understand to be happening. we'll keep you updated on that. this as both houses, the house and senate and we are following that all throughout this hour. let's get more on the strategy going forward in washington from our experts. we'll get both sides trying to cobble together a solution. crystal ball democratic strategist and joe watkins, a republican strategist. what do you think they'll say at 3:30? >> if i had a crystal ball -- no pun intended, crystal. >> never heard that one before, joe. >> that's pretty tired on my part. this is so tough. senator reid, i think the onus

lies with senator reid and president obama. senator reid needs 43 republicans. some of those 43 republicans to change their mind. he's got 43 republicans against his plan. he needs 60 votes to get what he needs. he's got to talk to republicans. he's got to work with mitch mcconnell and work with other republican members to fashion something that will work. this is a mess. this is a sad state of affairs. it's unfortunate america is at this point where we have this stalemate. this is really a time for people to put aside, i wish, their politics and do what's best for the american people. help us get our house in order. >> on that note, joe is alluding to the 43 republican senators. there was a senator that was written. there are, however, four senators, gop senators who did not sign a letter sent out

saying they would not vote for the reid plan. senator snowe, collins, mikowski and brown. might we hear about progress or more posturing? >> i'll guess more posturing. i don't think we've gotten close enough to the wire, to be honest. we have to see what happens with harry reid's bill. they have to demonstrate what can't pass before we can see progress. >> how close do we need to get? >> we are past the time limit where we need to have something that works for everybody. clearly senator reid has to address those parts of the bill that make republicans uncomfortable. they're worried about the side that says you find your money by

down scaling the wars in afghanistan and iraq. that's where you find your money. he's got to do some work. he has to make some amends and come to agreement with some republicans to get this done. >> joe, crystal, stick around. when we come back, we'll speak with senator mark udall. [ male announcer ] if it's true that sharks can sense even a drop of blood from a quarter of a mile away, which razor would you use? ♪ ♪ ♪ the doctor leaned over and said to me, "you just beat the widow-maker." i was put on an aspirin, and it's part of my regimen now.

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straight to live pictures of the capitol. this as the house is working. they're about to begin voting on the reid bill, which has not been passed in the senate, but they will vote on the house pretty much again, a symbolic vote to say they do not support the reid bill. that's probably what will happen in the end. we are watching that. that is ongoing as well as what is happening in the senate as they debate the rebill there. let's get the latest on the debate in washington from

colorado senator mark udall who joins us right now. senator, the latest piece of information is that 3:30 we do expect to hear from leader mcconnell, as well as from speaker boehner. what do you expect them to say here? >> i don't have inside information. i would hope they would say let's pass a combination of the boehner/reid/mcdonnell proposals. in particular, we've got to extend the debt ceiling through next year. not because of political situations, but because we've got to make sure we provide certainty to the markets and we don't get ourselves in another mess like we are in right now. this isn't good for the economy. it's not good for job creation. our focus ought to be on the economy and jobs. frankly, we are not focused on that matter right now. that is the most important thing to the american people. >> this just happened. four republicans did not sign the gop letter against senator reid's bill as-is at the moment.

what does that say? some sort of modification or compromise can happen? >> there are conversations with my fellow republicans and many democrats. they want to vote for a combined plan. they see many elements of the reid package, if you take what senator mcconnell proposed as something they could support. i see that as a good sign. the problem is the clock is running or the filibuster in the senate. the filibuster is whether we will debate the bill itself. i hope we can end the filibuster and go to debate on the bill and move it forward. the sand is starting to run out of the hour glass. markets are getting edgier and edgier. >> most likely that is not likely. you have to get the 60 votes. have you spoken with those four senators that did not sign that letter, senator snowe, murkowski and brown?

>> i know those senators. they are pragmatic and solution-oriented. other senators want to get an arrangement that extends the debt ceiling, has down payment on spending cuts and ensures the market we are not going to do the unthinkable. our economy is barely back off life support. this will be like a self-induced heart attack if we let this overwhelm us. this has been a routine matter. under the reagan administration we raised it 11 times. under bill clinton we raised it a number of times. let's raise the debt ceiling and get to the true problem which is our jeffrey all debt and come up with a grand plan to deal with that over the next ten years. >> senator udall, what might you compromise on? >> i could see a vote of disapproval so people could weigh in to raise the debt ceiling. i could see triggers we put in place next year if we are not cutting spending the right ways, we look at ways to draw down the

debt in the long term. those are a couple of ideas circulating. they have broad support. >> senator mark udall, thank you. >> thanks, richard. >> a live look on the hill. there are fast moving developments going on. heated debate at the moment. we expect them to start voting any moment in the house. they did start, i'm just hearing.

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